ASX 200 wobbles higher: 6 shares you should have been watching

CSL Limited (ASX:CSL) and Bega Cheese Ltd (ASX:BGA) shares soared on Thursday

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The local share market ended the session higher today, although it was a very bumpy ride from start to finish.

Here's a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.2% to 5692 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.2% to 5745 points
  • AUD/USD at US 75.21 cents
  • Iron Ore at US$82.05 a tonne, according to the Metal Bulletin
  • Gold at US$1,202.83 an ounce
  • Brent oil at US$54.35 a barrel

A number of big-name companies enjoyed strong gains today.

Shares of CSL Limited (ASX: CSL) rocketed 12.5% on a major profit upgrade, saying it expects net profit to grow between 18% and 20% for the full year (compared to previous guidance of 11%).

Bega Cheese Ltd (ASX: BGA) also soared 15.2% after it acquired the majority of Mondelēz International's Australia and New Zealand grocery and cheese business. This will add Vegemite, as well as a number of other brands, to Bega Cheese' arsenal.

And Sims Metal Management Ltd (ASX: SGM) also rose 3.3% on its own profit upgrade.

Online classifieds business Carsales.Com Ltd (ASX: CAR) wasn't so lucky. Its shares fell 2.9% after it announced its long-serving CEO, Greg Roebuck, is to retire.

Yowie Group Ltd (ASX: YOW) also plunged 10% on its earnings update.

Telecommunications giant Vocus Group Ltd (ASX: VOC) was also one of the market's casualties today, shedding 3%.

Here are Thursday's top stories:

  1. Why CSL Limited shares could fly on its profit upgrade
  2. Is Bega Cheese Ltd a buy after its blockbuster Vegemite acquisition?
  3. 3 ways to profit from Australia's ageing population
Motley Fool contributor Ryan Newman has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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